Pakistan, Denmark push $2b partnership
Pakistan and Denmark on Monday reaffirmed their commitment to boosting global trade competitiveness through a $2 billion partnership aimed at modernising Pakistan's maritime infrastructure, improving port operations, and promoting sustainable practices.
The commitment was reiterated during a meeting between Federal Minister for Maritime Affairs Junaid Anwar Chaudhry and Danish Ambassador Jakob Linulf. According to an official press statement, the two sides agreed to expedite implementation of a Memorandum of Understanding (MoU) signed last year, with Danish shipping giant AP MollerMaersk leading the investment drive.
The discussions focused on upgrading logistics infrastructure and integrating green maritime technologies such as renewable energy-powered ports and energy-efficient shipping. Both parties emphasised workforce development and strengthening cultural ties as part of their broader cooperation.
The statement noted that Maersk CEO Vincent Clerc is expected to visit Pakistan this week and hold meetings with the prime minister and senior government officials.
Chaudhry said that steps are being taken to adopt sustainable maritime technologies to cut emissions and boost environmental efficiency at Pakistani ports. Renewable energy sources, including solar and wind, would be integrated into port operations to reduce reliance on fossil fuels.
He further stated that training would be provided to maritime professionals to manage eco-friendly vessels and port facilities. "These initiatives will position Pakistan as a responsible trading partner while fostering long-term economic and environmental sustainability," he said.
Highlighting the economic benefits, the minister added that adopting green shipping practices will improve Pakistan's brand image globally and enhance export competitiveness by lowering operational costs.